SOURCE: ActionView International, Inc.

January 16, 2008 09:18 ET

ActionView International, Inc. Announces Repayment of Financing Amount From Redwood Capital

VANCOUVER, BC--(Marketwire - January 16, 2008) - ActionView International, Inc. (OTCBB: AVWI) today announced it has received repayment of the full amount of the financing component that it supplied to Redwood Capital, Inc. for an acquisition transaction in which Redwood Capital acted as an advisor. Redwood Capital provides advisory services for China-based companies seeking entrance into the U.S. public markets. The acquisition transaction successfully closed on December 31, 2007.

ActionView provided the $120,000 financing component to Redwood Capital and has received full repayment of the financing amount, plus the interest that had accrued. Under the agreement between the two companies, ActionView International was also to receive, in addition to repayment of the financing amount, an equity bonus equaling two times the value of the amount of the funding in the form of common stock in the U.S. public company that acquired Redwood Capital's client. With the acquisition now closed and the financing component repaid, ActionView anticipates receiving the equity bonus from Redwood Capital within an agreed upon timeframe.

"We are pleased to have received repayment of the financing that we provided to Redwood Capital so soon after the acquisition transaction had been completed," stated Steven R. Peacock, president/chief executive officer of ActionView International. "The expected equity piece provides an additional benefit from our involvement with Redwood Capital, and we look forward to receiving it as well.

"In addition to reporting this repayment, we also want ActionView shareholders to know that we continue to make progress in the positioning of ActionView for a future merger or acquisition transaction. We expect to have additional information to release in the near term, including a potential acquisition target," Mr. Peacock added.

About ActionView International, Inc.

ActionView International's operating subsidiary custom-designs, develops, and manufactures vividly illuminated motion billboards. ActionView places its signs into high traffic locations and markets advertising space on the signs. ActionView shares advertising revenue generated from the billboards with advertising agencies, the local business partner and the location owner. The benefit to advertisers is exposure in high traffic locations at reasonable costs due to the scrolling feature and multiple advertisers. For additional information about ActionView, please visit the company's website at www.actionviewinternational.com.

Forward-Looking Statements

This release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.

Contact Information

  • Contact:
    Gemini Financial Communications
    A. Beyer
    951-677-8073
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